Moody’s has downgraded Pure Fishing, the company previously owned by the former Jarden Corp. that groups together fishing tackle brands like Abu Garcia, Berkley and Shakespeare. The company’s debt reached 9 times Ebitda last year, after running into a negative cash position following a 6 percent decline in its revenues. While its revolving credit is only maturing in 2024, the rating agency expects that its leverage will increase to 13 times Ebitda this year because of the Covid-19 pandemic.